Vermont
Rutland City
121 River Street

$225,000

121 River Street, Rutland City, VT 05701

Multi-Family Home
Built in 1825
8,712sqft lot
—— car garage
$——/sqft
Listed 10 days ago

Property Description

This listing courtesy of Leo Pond, Four Seasons Sotheby's Int'l Realty

Check out this solid income-generating opportunity featuring three distinct rental units that offer both stability and excellent long-term investment potential. The front of the property is configured as a classic two-family, with the first-floor apartment and a second-floor unit accessed via a shared stairwell—each offering functional layouts that cater to tenant comfort and convenience. Tucked away at the back of the property is a unique studio apartment with a lofted bedroom, adding variety to the unit mix and broadening the appeal for a range of renters. Fully occupied and generating steady rental income, this multifamily asset is ready to deliver returns from day one. Recent improvements enhance both value and peace of mind, including: numerous vinyl replacement windows, refurbished front deck, two brand-new oil tanks, new (partial) poured concrete foundation wall. Additional thoughtful updates to boost safety, curb appeal, and long-term durability. Located just a short distance from Meadow Street Park, downtown Rutland, shopping, and community amenities, the property benefits from a prime, tenant-friendly location in a market known for its consistent rental demand. Combining reliable occupancy, recent upgrades, and a flexible layout with multiple income streams, this property is a smart, well-rounded addition to any investor’s portfolio.

Listing Status:: Pending
Date Added:: September 24, 2025 at 05:00AM
Listing Office:: Four Seasons Sotheby's Int'l Realty : 802-774-7007
Listing Agent:: Leo Pond : 802-779-1147
MLS ID:: 5062823

Basement: DirtDirt Floor
Flooring: CarpetOtherVinylWood
A/C: None
Heating: OilBaseboardElectricHot Water

General: BalconyCovered Porch
Style: Multi-Family
Parking: On-SiteParking Spaces 1 - 10

Roofing: Slate
General: Aluminum SidingBrickConcretePoured ConcreteStone

Road/Access: PavedPublic
School District: Rutland City School District
County: Rutland

Driveway: Gravel
Zoning: MR-1

Utilities: Cable AvailableTelephone Available
Water: Public
Sewer: Public

This listing courtesy of Leo Pond, Four Seasons Sotheby's Int'l Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rutland Northwest School

80 Pierpoint Ave, Rutland, VT, 05701

Grades PK-2

0.84 miles away

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.81 miles away

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.